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The MNB Reaped a Huge Profit From the Weak Forint: This Didn't Help Either, the Central Bank's Losses Are Brutal - Pénzcentrum

Summary by Pénzcentrum
The Hungarian National Bank (MNB) recorded a loss of HUF 788.7 billion in 2024, which is an improvement after the previous year's minus of HUF 1,763.2 billion, but the central bank still accumulated losses of more than HUF 2,500 billion in two years. At the same time, the weakening of the forint helped the capital situation, so the negative value of equity decreased to HUF 1,665 billion.
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The Hungarian National Bank (MNB) recorded a loss of HUF 788.7 billion in 2024, which is an improvement after the previous year's minus of HUF 1,763.2 billion, but the central bank still accumulated losses of more than HUF 2,500 billion in two years. At the same time, the weakening of the forint helped the capital situation, so the negative value of equity decreased to HUF 1,665 billion.

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Pénzcentrum broke the news in on Tuesday, June 3, 2025.
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